Enwell Energy Share Discussion Threads

[gregpeck7] 14/8/2020 15:22

Natural gas up almost 10 percent....

[gregpeck7] 14/8/2020 12:23

19.5p for 100,000 ... this Is primed..

[ddonaldson2] 14/8/2020 11:30

They show the ownership of each subsidiary in their annual report each being 100 percent, the method of valuing their holdings will also be in the notes if you want to have a read

[gregpeck7] 14/8/2020 08:34

Added a small amount this morning. If premium needed for large amounts.

[gregpeck7] 13/8/2020 22:13

I would stop worrying and start buying. Look at the charts, if nothing else. It looks like a major breakout is about to start. It's just about above various key indicators now which is incredibly bullish.

[swanvesta] 13/8/2020 22:11

I probably have no clue what I'm talking about. It's just that in other companies I follow the shareholder's equity in the parent company is much closer to the equity in the group as a whole. That seems right to me, as the company directly or indirectly owns the entire group. But as I say I'm not an accountant and maybe I'm being very naive, in which case please forgive me.

[gregpeck7] 13/8/2020 22:03

I wonder if he is picking up a few more shares... you seem very 'worried' he has been a substantial shareholder here for around a year and as per the public statements is happy for the company to just keep bringing into the cash and running things as they were. I suspect the rebranding has been discussed and he is looking for a higher valuation, which will be good for all investors. This is worth much more than currently priced at and patience has to be the word here but this will come good. Natural gas cycle has bottomed imo - jkx have said similar and I think the only way is up here.

[swanvesta] 13/8/2020 21:51

But there is no writedown in the headline consolidated accounts, no writedown on the actual assets. I'm concerned about the relationship between the company and its ukrainian subsidiaries, remembering that this company is 82.5% owned by one oligarch.

[gregpeck7] 13/8/2020 21:37

Have you seen some of the write downs that have taken place globally in the oil and gas space?!

[swanvesta] 13/8/2020 21:10

OK, I get the write down, I just don't see why they are materially undervaluing their investment in the subsidiaries. Unless they aren't actually in full control over them.

[gregpeck7] 13/8/2020 20:14

As per below they wrote down their income therefore generating a paper loss... it's a very cheap play here. Gas is on the move higher and this moves very quickly. May well get a few more tomorrow as I don't think it will be possible to top up much cheaper..

[ddonaldson2] 13/8/2020 17:19

It is all explained in note 4, it is based on the reduction of forecast cash flow to the subsidiaries over the next 5 years due to the hit in the gas prices.

[swanvesta] 13/8/2020 15:38

greg, according to 2019 AR "Net profit for the year of $12.2 million". There was no impairment charge on oil and gas assets.

That was the group's consolidated profit, but the company itself made a loss of $15.4m due to "impaired loans to subsidiaries." The company's equity therefore reduced while the group's increased - the company is now worth only about half the group!? But I'm not an accountant and I admit I have no idea what's going on, which is why I'm asking rather than asserting anything.

[maloneyt] 13/8/2020 09:53

Some of the shares traded yesterday were bought above the offer price for some reason. What do they know that we don't ??
Also exactly at the same time JKX share price went down, ENW share price went up !! could it be that JKX are in talks to take over ENW I wonder ??

[gregpeck7] 13/8/2020 08:14

Ps was the reason for the loss not impairments on low oil and gas price?

[gregpeck7] 13/8/2020 08:07

Natural gas and oil prices been improving for month. Only a matter of time before a fire started here. Valued at cash... Ukraine looking to attract not deflect foreign investment. This like jkx is stupid cheap. Another high impact well drilling ahead as well.

[swanvesta] 13/8/2020 08:03

Can someone explain the relationships of this company and its subsidiaries? The consolidated results show that as a group they are doing well, but the parent company (Enwell) seems to have uncertainty over the loans it has made to the subsidiaries. To the extent it made a whacking loss in 2019 while the group made a profit. Maybe I don’t understand the accounts but OTOH if they can’t get money out of Ukraine it would explain why they might want to prepare for a raise while ostensibly having lots of cash in the bank.

[maloneyt] 13/8/2020 01:55

Welcome back all. Its about time this sleepy ENW woke up since the name change. Must be good news coming. Nice rise, may it continues.

[gregpeck7] 12/8/2020 17:17

To be fair it's a very illiquid stock. Any buying it shoots higher. I suspect it's re rating as gas and oil press higher. It's basically valued at its cash balance which is crazy.

[jam2day] 12/8/2020 17:13

No smoke without fire me thinks

[rachael777] 12/8/2020 15:48

Is this finally waking up ?

[rpt_regal_petroleum_buy_now] 03/8/2020 10:19

Buy JKX - best buy at the moment in O+G sector.

Up yesterday against market trend, up again today 50,000 buy just landed.... Stock is tight.

11,000 boepd production|||pe 2.6 ||| price to book value 0.20 ||| Return on Capital. 14.4% ||| Return on Equity 12.3%. |||Operating Margin. 31%. |||book value £146m ( present MCap £30m!)||| earnings yield 125% |||book value per share 85p |||EV £19.9m |||debt free |||cash rich ||| Gas prices rising

[velvetide] 17/7/2020 14:37

Soggy, signs of a change in the trend..if so interest could increase!

[gregpeck7] 17/7/2020 14:31

Added 50,000. Tremendous value to be had here. Valued at cash..

[soggy] 15/7/2020 15:11

Clearly not many still interested in this stock - usually someone posts on these boards when there's been an RNS! Not often I'm the first...

15 July 2020

Enwell Energy plc

("Enwell" or the "Company")

Spud of SV-25 Well

Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas exploration and production group, is pleased to announce the spudding of the SV-25 well at its 100% owned and operated Svyrydivske (SV) gas and condensate field in Ukraine.

The well has a target depth of 5,320 metres, with drilling operations scheduled to be completed by the end of the first quarter of 2021, and, subject to successful testing, production hook-up during the second quarter of 2021. The well is an appraisal well, with its primary targets being the B-20, B-22 and B-23 horizons in the Visean formation.

Sergii Glazunov, Chief Executive Officer, said : "We are looking forward to the safe and efficient drilling of the SV-25 well, which we hope will continue our success in the development of our fields."